Housing report critical of the governments long-term strategy

The Royal Institution of Chartered Surveyors has criticised the government’s long term strategy for housing in its’ latest report. The report recommended that the current target of 100,000 new homes should be doubled, and suggests that builders should be made to start work on the properties within three years of acquiring planning permission. Alongside this, it recommended that an independent committee should be formed to advise politicians from all parties on housing supply, and to create a new governing body to bring together private-sector and academic research on housing. The report highlighted that there had been a “near disappearance of government-funded research on housing since 2010.” The Rics recently welcomed the government’s Help to Buy scheme – which lends people up to 20% of the value of a new-build home – but said further action is required to increase the supply of properties. Housing minister Mark Prisk said the government was “fixing all areas of the dysfunctional housing market it inherited”. But Labour’s Jack Dromey said the coalition had failed to prevent the “biggest housing crisis in a generation”. The study concluded that the housing market has not delivered enough homes at affordable prices. The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article. Setfords Solicitors are a national full service law firm, with property solicitors in Chichester and across the country.